Why is the crypto market down today? By Cointelegraph
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Right as analysts thought that (BTC) was on the cusp of showing signs of a price breakout, the crypto market took a turn to the downside after the SEC presented charges against Binance exchange. This has led some analysts to believe that the BTC price bottom is not yet in.
Bitcoin price hit a 60-day low on June 5 at $25,744 as traders worry that a larger price dip is possible, noting that Bitcoin price was already struggling with $26,600 resistance before the news of the SEC made headlines.
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Right as analysts thought that (BTC) was on the cusp of showing signs of a price breakout, the crypto market took a turn to the downside after the SEC presented charges against Binance exchange. This has led some analysts to believe that the BTC price bottom is not yet in.
Bitcoin price hit a 60-day low on June 5 at $25,744 as traders worry that a larger price dip is possible, noting that Bitcoin price was already struggling with $26,600 resistance before the news of the SEC made headlines.
Continue Reading on Coin Telegraph
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